A principal]multiple agent model is used to examine wildlife damage abatement and compensation programs in a setting in which farmers suffer damages and hunters use the wildlife for recreational purposes. In addition to externalities inherent in abatement, abatementrcompensation policy confronts the issue of moral hazard. By representing the principal as a wildlife management authority who acts...

We previously reported the positive results of a population based campaign designed to alter beliefs about back pain in Victoria, Australia. 2 The campaign consisted of television commercials which gave clear advice about back pain—for example, stay active and exercise, do not rest for prolonged periods, and stay at work. After the intervention, doctors’ and the community’s beliefs about back p...

Costs for retiree medical benefits are spiraling upward. One way to help fund this area of compensation, with little or no additional financial burden to either employers or employees, could be using an employee benefit plan whereby each year's unused vacation days and sick days are transferred into an employee's tax-free account in a voluntary employee benefit association (VEBA) trust. On reti...

Data from the 1997 Robert Wood Johnson Foundation Employer Health Insurance Survey provide new information comparing public- and private-sector employee health benefits. The federal government is ahead of other employers in adopting managed competition principles using financial incentives and consumer information to promote choosing efficient plans. Federal employees experience a $200 annual c...

This article analyzes differences in costs, patterns of care, and returns to work between workers treated by either a chiropractor or a physician for an episode of back pain. The article extends prior research by adding controls for unobserved heterogeneity to the models and by using data on health care payments rather than charges. The results imply that chiropractors and physicians are equall...

An equivalence scale is a measure of the cost of living of a household of a given size and demographic composition, relative to the cost of living of a reference household (usually a single adult), when both households attain the same level of utility or standard of living. Equivalence scales are dif cult to construct because household utility cannot be directly measured, which results in econo...

The press often depicts bonuses as extra payments to the already well compensated and calls for reform. Yet, these calls typically ignore the efficiency argument that bonuses are potentially risky performance pay that substitute for salary compensation. This paper uses representative UK data to estimate that bonuses appear not to substitute for salary in crosssectional estimates. Yet, when cont...

wage-loss replacement rate increases with the duration of disability, with PPD claimants doing the best. Of course, it should be pointed out that, under the assumption that the PPD claimants have lifelong (or permanent) impairments, their earnings losses will continue far beyond the five-year mark. This in turn will serve to lower the replacement rate since nearly all workers’ compensation paym...

Deriving a model, where each family member is the producer of his own and other family members' health, shows that the family will not try to equalise marginal benefits and marginal costs of health capital for each family member. They will rather invest in health until the rate of marginal consumption benefits equals the rate of marginal net effective costs of health capital. The level of compe...

Fringe Benefits represent all the indirect financial payments in form of various supplemental unemployment benefits, worker’s compensation & job related Services benefits and retirement received by an employee for continuing his or her employment with company. Our attempt here is to explore comparative analysis fringe provided ten companies opinions labors those Khulna industrial zone. stud...